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Financial Openness Democracy And Redistributive Policy
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Book Synopsis Financial Openness, Democracy, and Redistributive Policy by : Mansoor Dailami
Download or read book Financial Openness, Democracy, and Redistributive Policy written by Mansoor Dailami and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: What explains the spread of both democracy and financial openness at this time in history, given the constraining impact of financial market integration on national policy autonomy? International policy coordination is part of the answer, but not all. Also important is the presence of cost-effective redistributive schemes that provide insurance against the risk of financial instability.
Book Synopsis Financial Openness, Democracy, and Redistributive Policy by : Mansoor Dailami
Download or read book Financial Openness, Democracy, and Redistributive Policy written by Mansoor Dailami and published by . This book was released on 2016 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: What explains the spread ...
Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry
Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Book Synopsis Straight Talk on Trade by : Dani Rodrik
Download or read book Straight Talk on Trade written by Dani Rodrik and published by Princeton University Press. This book was released on 2019-08-27 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today's world economy and its dilemmas, and offers a visionary framework at a critical time when it is most needed.
Book Synopsis Democracy and Economic Openness in an Interconnected System by : Quan Li
Download or read book Democracy and Economic Openness in an Interconnected System written by Quan Li and published by Cambridge University Press. This book was released on 2009-07-31 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Li and Reuveny use an interdisciplinary social-scientific approach to investigate today's key political, economic, and environmental issues.
Book Synopsis Democracy and Trade Policy in Developing Countries by : Bumba Mukherjee
Download or read book Democracy and Trade Policy in Developing Countries written by Bumba Mukherjee and published by University of Chicago Press. This book was released on 2016-06-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s, developing countries have experienced two notable trends: the rise of new democratic regimes and the rush to free trade. These joint trends have led some to argue that democracy and free-trade go hand in hand in the developing world, each supporting the other. Mukherjee argues that trade politics in developing countries resists such easy categorization. Instead, his book offers an innovative theoretical framework identifying the specific economic conditions and democratic institutions that influence trade policy in developing countries. He focuses particularly on the changing domestic political interactions among parties, party leaders, and labor and capital in developing nations. He draws upon large time-series datasets as well as cross-national survey data analysis to test hypotheses. Then, looking more closely at Brazil, India, Indonesia, and South Africa, he also provides comparative case-study evidence, such as within-country data on trade barriers and campaign contributions. The most comprehensive treatment of the subject to date, "Democracy and Trade Policy in Developing Countries" will be essential reading for scholars and policymakers alike, not only for the understanding it provides for trading strategies now, but for what it reveals about the prospects for international economic cooperation in the future.
Book Synopsis Justice Is an Option by : Robert Meister
Download or read book Justice Is an Option written by Robert Meister and published by University of Chicago Press. This book was released on 2021-04-19 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than ten years after the worst crisis since the Great Depression, the financial sector is thriving. But something is deeply wrong. Taxpayers bore the burden of bailing out “too big to fail” banks, but got nothing in return. Inequality has soared, and a populist backlash against elites has shaken the foundations of our political order. Meanwhile, financial capitalism seems more entrenched than ever. What is the left to do? Justice Is an Option uses those problems—and the framework of finance that created them—to reimagine historical justice. Robert Meister returns to the spirit of Marx to diagnose our current age of finance. Instead of closing our eyes to the political and economic realities of our era, we need to grapple with them head-on. Meister does just that, asking whether the very tools of finance that have created our vastly unequal world could instead be made to serve justice and equality. Meister here formulates nothing less than a democratic financial theory for the twenty-first century—one that is equally conversant in political philosophy, Marxism, and contemporary politics. Justice Is an Option is a radical, invigorating first page of a new—and sorely needed—leftist playbook.
Book Synopsis Authoritarianism and the Elite Origins of Democracy by : Michael Albertus
Download or read book Authoritarianism and the Elite Origins of Democracy written by Michael Albertus and published by Cambridge University Press. This book was released on 2018-02 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an innovative theory of regime transitions and outcomes, and tests it using extensive evidence between 1800 and today.
Book Synopsis Democracy and Income Inequality by : Branko Milanovic
Download or read book Democracy and Income Inequality written by Branko Milanovic and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideology, as proxied by a country's dominant religion, seems to be related to inequality. In Judeo-Christian societies increased democratization appears to lead to lower inequality; in Muslim and Confucian societies it has an insignificant effect. One reason for this difference may be that Muslim and Confucian societies rely on informal transfers to reach the desired level of inequality, while Judeo-Christian societies, where family ties are weaker, use political action. Standard political economy theories suggest that democratization has a moderating effect on income inequality. But the empirical literature has failed to uncover any such robust relationship. Gradstein, Milanovic, and Ying take another look at the issue. The authors argue that prevailing ideology may be an important determinant of inequality and that the democratization effect "works through" ideology. In societies that value equality highly there is less distributional conflict among income groups, so democratization may have only a negligible effect on inequality. But in societies that value equality less, democratization reduces inequality through redistribution as the poor outvote the rich. The authors' cross-country empirical analysis, covering 126 countries in 1960-98, confirms the hypothesis: ideology, as proxied by a country's dominant religion, seems to be related to inequality. In addition, while in Judeo-Christian societies increased democratization appears to lead to lower inequality, in Muslim and Confucian societies it has an insignificant effect. The authors hypothesize that Muslim and Confucian societies rely on informal transfers to reach the desired level of inequality, while Judeo-Christian societies, where family ties are weaker, use political action. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to study inequality and income redistribution. The study was funded by the Bank's Research Support Budget under the research projects "Democracy, Redistribution, and Inequality" (RPO 683-01) and "Deriving World Income Distribution in 1988 and 1993" (RPO 683-68).
Book Synopsis Inequality and Democratization by : Ben W. Ansell
Download or read book Inequality and Democratization written by Ben W. Ansell and published by Cambridge University Press. This book was released on 2014-12-18 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on the economic origins of democracy and dictatorship has shifted away from the impact of growth and turned toward the question of how different patterns of growth - equal or unequal - shape regime change. This book offers a new theory of the historical relationship between economic modernization and the emergence of democracy on a global scale, focusing on the effects of land and income inequality. Contrary to most mainstream arguments, Ben W. Ansell and David J. Samuels suggest that democracy is more likely to emerge when rising, yet politically disenfranchised, groups demand more influence because they have more to lose, rather than when threats of redistribution to elite interests are low.
Book Synopsis Democratic Paths and Trends by : Barbara Wejnert
Download or read book Democratic Paths and Trends written by Barbara Wejnert and published by Emerald Group Publishing. This book was released on 2010-07-16 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the issues of democratic trends. This title addresses worldwide changes and developments of democratization from historical and contemporary perspectives. It also presents discourses on the diffusion of democracy, paths of democratic transitions, worldwide trends towards democratization, as well as discussion about democracy in retreat.
Book Synopsis Globalisation, Poverty and Conflict by : Max Spoor
Download or read book Globalisation, Poverty and Conflict written by Max Spoor and published by Springer Science & Business Media. This book was released on 2005-12-29 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This state-of-the-art critical ‘development’ reader examines the inter-relationships between globalisation, poverty and conflict. It complements current debates in the field of development studies and, in an era in which development fatigue seems to have become more profound than ever before, it brings the importance of development once again to the forefront. The contributions represent current thinking on (and practice of) development policy, poverty reduction, the need for multi-level democratic institutions, and the containing and prevention of conflicts.
Book Synopsis Managing Financial and Corporate Distress by : Charles Adams
Download or read book Managing Financial and Corporate Distress written by Charles Adams and published by Rowman & Littlefield. This book was released on 2010-12-01 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: A World Bank, International Monetary Fund, and Brookings Institution publication More than three years have elapsed since the East Asian financial crisis erupted, threatening economic and financial stability in the region and beyond. Although many of the region's economies have since staged a remarkable turnaround, much additional restructuring and reform is needed. Managing Financial and Corporate Distress: Lessons from Asia, stands out from other works on the East Asian crisis by moving beyond macroeconomic assessments to offer an institutional treatment of the microeconomic aspects of the corporate and bank restructuring. Contributors draw on their practical, hands-on expertise in various aspects of finance to provide complementary perspectives on how best to set in place strong and responsive institutions that might be able to resolve and avoid future crises in other emerging markets.
Book Synopsis The Political Economy of Financial Market Regulation by : Peter Mooslechner
Download or read book The Political Economy of Financial Market Regulation written by Peter Mooslechner and published by Edward Elgar Publishing. This book was released on 2006-08-29 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'In this very nice volume reputed academics and central bankers discuss recent regulatory reforms in financial governance from a political economy perspective. Therefore it is invaluable for both policymakers and scholars interested in financial governance and market regulation.' - Sylvester C.W. Eijffinger, Tilburg University, The Netherlands, Centre for Economic Policy Research, UK and CESifo Research Network, Munich, Germany This book focuses on recent financial market reforms, and their implications for social, economic and political exclusion. In particular it considers the hitherto under-researched question of whose interests govern the design of regulatory mechanisms and who influences the decision-making process. This process is set out as contested terrain, in which there are winners and losers, and in which there are inevitably circles of exclusion. The authors, comprising financial authority experts and academic specialists, expand the concept of exclusion beyond its typical social dimension to incorporate all actors, be they individuals or institutions not permitted to contribute to financial market regulation as a public good. As they point out, this may take the form of political, economic or indeed cultural exclusion. The book examines the conflicts that arise between various interests and how these are managed within the process of regulation.
Book Synopsis Measuring Services Trade Liberalization and Its Impact on Economic Growth by : Aaditya Mattoo
Download or read book Measuring Services Trade Liberalization and Its Impact on Economic Growth written by Aaditya Mattoo and published by World Bank Publications. This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that fully liberalize their telecommunications and financial services sectors may be able to expect economic growth rates up to 1.5 percentage point higher than rates in other countries.
Book Synopsis Political Representation by : Marc Bühlmann
Download or read book Political Representation written by Marc Bühlmann and published by Routledge. This book was released on 2016-04-14 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an ideal democracy, representatives would entirely reflect citizens’ views, preferences and wishes in their legislative work. However, real-life democracies do not meet this ideal and citizens’ policy preferences and priorities are mirrored only inadequately. This book provides new insights on political representation. It is guided by three questions: what roles should representatives play? Who is actually or should be represented? How are the representatives (or how should they be) connected with the represented? Containing contributions from the perspectives of political theory and philosophy, as well as quantitative empirical studies, the volume demonstrates the need to adapt these established questions to new political realities. This text will be of key interest to scholars and students of political representation and parties, political theory, democratic theory, political philosophy and comparative politics.
Book Synopsis Profiting Without Producing by : Costas Lapavitsas
Download or read book Profiting Without Producing written by Costas Lapavitsas and published by Verso Books. This book was released on 2014-02-04 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.
